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Deal closed Oct 2024 · United States Verified

Rheem Completes Acquisition of Nortek Global HVAC from Madison Industries

Rheem announced the completed acquisition of Nortek Global HVAC (NGH) from Madison Industries. NGH, a manufacturer of heating and cooling products for residential and manufactured housing, is now part of Rheem's Global Air Division.

“ATLANTA – Oct. 7, 2024 – Rheem today announced the completed acquisition of Nortek Global HVAC (NGH) from Madison Industries. NGH, founded in 1919, is a leading manufacturer of heating and cooling products serving the residential and manufactured housing markets. With this acquisition, NGH is now part of Rheem’s Global Air Division.”

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HVAC Sentiment: Positive

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